Pineapple Energy Applauds Announcement of EPA’s $7B Solar for All Awards

MINNETONKA, Minn., April 25, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (“Pineapple”), a leading provider of sustainable solar energy and backup power to households and small business, today commented on the announcement of $7 billion in awards through the Environmental Protection Agency’s Solar for All program.

“Demand for clean, resilient rooftop solar paired with battery storage remains strong, but unfortunately this energy choice has not always been accessible for all households. These Solar for All awards will play an important role in expanding solar accessibility, so that underserved and disinvested communities have access to the benefits of solar and storage.” said Kyle Udseth, CEO of Pineapple Energy.

On April 22, 2024, the EPA announced 60 selectees that will receive $7 billion in awards through the Solar for All grant competition, funded through the Inflation Reduction Act. The EPA estimates that this will enable over 900,000 households in low-income and disadvantaged communities nationwide to benefit from distributed solar energy.

Among the 60 awardees are the New York State Energy Research and Development Agency (NYSERDA) and Hawai’i Green Infrastructure Authority (HGIA). NYSERDA was granted $249,800,000 to enhance the state’s existing portfolio of solar deployments, technical assistance, and workforce development programs. The Agency will also use the money to drive new programs to target barriers to solar deployment for residents that live in disadvantaged communities and low-income households. HGIA was granted $62,450,000 for program funds to finance residential rooftop, solar, storage systems and residential-serving, community-owned solar systems for low-income and disadvantaged communities statewide.

About Pineapple Energy

Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power) provide homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services.

Forward Looking Statements

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